Congratulation to @SGKusmertz, @bek1, and @wilbner. Your questions were chosen for tonight’s Ask Joe and the Panelists.
@SGKusmertz If you could have one song play when you enter a room, what would it be?
@bek1 Do you usually feel excited or stressed out about going back to school after summer break?
@wilbner What was the best prank you’ve ever pulled?
Congratulations to @Ted_Prohowich. Your question was chosen for tonight’s Ask Greg and the Panelists.
@Ted_Prohowich What's your back to school advice?
Thought this might be an interesting comparison.
Grok
How long did it take for Reagan to recover from the Carter economy in terms of inflation, interest rates, gas prices, stock market and other factors?
The U.S. economy Reagan inherited in January 1981 was still in the late-1970s stagflation mess: double-digit inflation, very high interest rates, a recent oil shock, a short 1980 recession, and a stock market that had gone nowhere for years. Recovery was not immediate. The first 22 months were a deep recession caused mainly by the Federal Reserve’s tight-money campaign to break inflation. After that, most indicators improved at different speeds.
Inflation
Annual CPI inflation:
- 1979: 11.3%
- 1980: 13.5% (peak year; monthly YoY peaked near 14.8% in spring 1980)
- 1981: 10.3%
- 1982: 6.1%
- 1983: 3.2%
By late 1982–1983 inflation had fallen into the 3–4% range that then prevailed for the rest of the decade (with a brief dip to 1.9% in 1986). That is roughly 2 years from inauguration to “inflation is no ...
